37337 Property Tax Rate

Property owners in ZIP code 37337 (Grandview, Tennessee) pay a median of $308/year in property taxes on homes valued at $164,300. This translates to an effective tax rate of 0.19%, which is 66% below the Tennessee state average of 0.55%.

The monthly property tax burden for a median-valued home in 37337 is approximately $26, which factors into escrow payments on mortgages. This ZIP code is located within Rhea County. This is $898 less than the Tennessee average of $1,206/year.

Compared to similar ZIP codes in Tennessee, 37337 has lower property taxes. ZIP codes with similar effective rates include 37715 (0.23%) and 37394 (0.24%).

In Grandview, property taxes represent approximately 0.7% of the median household income of $44,940, providing context for the relative tax burden on homeowners in this area.

Tennessee permits unlimited assessment increases with no state cap; the Rhea County Assessor conducts revaluations that directly affect your tax bill. Rhea County residents 65+ and those certified disabled qualify for the Homestead Exemption—apply at the Rhea County Assessor's office to exempt a portion of assessed value. Verify your assessment within 30 days of closing and contact the Rhea County Assessor to file a protest if the valuation appears inflated.